European Member States agreed in December 2020 to an increased climate 
target for 2030 of -55% net emissions reductions.

In July, the European Commission will propose an update of the EU’s key climate and energy legislation to turn that climate target into concrete policy. 

This report looks into the impact of an increase in ambition in the road transport and buildings sector on the European economy and on household purchasing power.

Our analysis shows that, if well designed, more rapid decarbonisation in these two sectors leads to positive macroeconomic impacts in Europe.